What is Grocery Outlet Holding Receivables Turnover?
The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Grocery Outlet Holding's Revenue for the
three
months ended in Mar. 2024 was $1,037 Mil. Grocery Outlet Holding's average Accounts Receivable for the
three
months ended in Mar. 2024 was $14 Mil.
Hence, Grocery Outlet Holding's Receivables Turnover for the
three
months ended in Mar. 2024 was 73.31.
Grocery Outlet Holding Receivables Turnover Historical Data
The historical data trend for Grocery Outlet Holding's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Grocery Outlet Holding's Receivables Turnover
For the Grocery Stores subindustry, Grocery Outlet Holding's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Grocery Outlet Holding's Receivables Turnover Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Grocery Outlet Holding's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Grocery Outlet Holding's Receivables Turnover falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Grocery Outlet Holding Receivables Turnover Related Terms
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Grocery Outlet Holding (Grocery Outlet Holding) Business Description
Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.
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